US SB3826

Requires parties in class actions, multidistrict litigation, and coordinated federal proceedings with 100+ cases to disclose third-party litigation funders to the court and opposing parties within 10 days of any funding agreement or at service of the action

Mandates disclosure of whether funders are foreign states, foreign persons, sovereign wealth funds, or foreign-controlled commercial enterprises, with copies sent to the Administrative Office of U.S. Courts for reporting to Congress and the Attorney General

Prohibits third-party funders from exerting control over litigation strategy, decision-making, or settlement negotiations, with courts empowered to hold violators in contempt

Bars funders and their representatives from accessing discovery materials protected under court order without specific court authorization

Exempts traditional loans with interest rates capped at 10% or 3x the 30-year Treasury yield, fee reimbursements to counsel, and pro bono nonprofit legal organizations (unless funded by foreign sources)